Absa Agri Trends Report (9 November 2018) and Agricultural Outlook Spring Edition 2018

The sheep meat market is currently bear, at a time where it normally follows a bullish momentum

 

The average lamb class A price during October 2018 was under great pressure, and declined month on month to 73.37/kg. Prices have followed a declining trend since July 2018. It is a norm for red meat prices to strengthen leading up to December as seasonal conditions are supportive of demand, however, prices are following a different trend this year.

Read more: Absa Agri Trends Report (9 November 2018) and Agricultural Outlook Spring Edition 2018
 

Learn about BEE charter, agricultural markets at popular workshop

 

24 October 2018

Agricultural economist Prof Johan Willemse will once again present one of his quarterly workshops on agricultural market prospects on 2 November 2018 in Bloemfontein. The workshop will also focus on the Black Economic Empowerment (BEE) Charter. Dr Jack Armour, Operations Manager of Free State Agriculture, will share his knowledge on this.

Read more: Learn about BEE charter, agricultural markets at popular workshop
 

Get questionnaire, info about Stats SA’s Census of Commercial Agricultural

Statistics South Africa (Stats SA) starts on 15 October 2018 with the Census of Commercial Agricultural. It will commence from then until June 2019. The results will be published in a statistical report (Report No. 11-02-01) by the end of November 2019. These results will be made available on Stats SA’s website: www.statssa.gov.za There will be no activities between 15 December 2018 and 15 January 2019. 

Free State Agriculture (FSA) encourages its members to participate in the census, as it is important to have accurate and reliable information on which decisions and planning can be made.

Read more: Get questionnaire, info about Stats SA’s Census of Commercial Agricultural
 

Crop Estimate Commitee's 2017/2018 estimates

The Crop Estimate Committee released its final production estimates for the 2017/18 summer crop and second production estimated for 2018/19 winter crop. 

 

Click here to read the summarized report

 

Absa Agri Trends Report – 7 September 2018

SA’s GDP shrinks further in the 2nd quarter of 2018

 

The real Gross Domestic Product in the first and second quarter of 2018 decreased respectively by 2.6% and 0.7%. However, the GDP at market prices increased year on year in the first quarter by 0.8% and in the second quarter by 0,4%. While the average GDP growth year on year equals 0,6% the growth rate for agriculture turned negative with a growth rate of -3,2% in Q1 and -5.8% in Q2. Measured on a year on year basis South Africa’s GDP growth is still positive but the growth in agriculture turned negative year on year in the first semester for 2018.

Read more: Absa Agri Trends Report – 7 September 2018
 

Agbiz/IDC Agribusiness Confidence Index falls below the 50-point mark

10 September 2018

 

After being sustained at levels above 50-point mark in the past two quarters, the Agbiz/IDC Agribusiness Confidence Index declined by 6 points to 48 in the third quarter of 2018. This is the lowest level since the second quarter of 2016, which was a drought year.

With the results now below the neutral 50-point mark, this essentially means that the agribusinesses are somewhat downbeat about business conditions in South Africa. The survey was conducted in August 2018 and comprised agribusinesses operating in all agricultural subsectors across South Africa.

Read more: Agbiz/IDC Agribusiness Confidence Index falls below the 50-point mark
 

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